Touching on his wide-ranging experience as a bank examiner, small businessman, and community banker, Blaine is a member of the House Financial Services Committee and serves on two key subcommittees of the committee: Financial Institutions & Consumer Credit and Domestic Monetary Policy & Technology.
The House Financial Services Committee has jurisdiction over the nation’s financial services and housing sectors including banking, insurance, real estate, public and assisted housing, securities, and domestic and international monetary policy. The committee is responsible for reviewing the laws and programs of the Federal Reserve Bank, the Federal Deposit Insurance Corporation, Fannie Mae and Freddie Mac, the Department of Housing and Urban Development, the World Bank and the International Monetary Fund, among other federal government agencies.
The Subcommittee on Financial Institutions & Consumer Credit oversees all financial regulators including the Federal Deposit Insurance Corporation, the Federal Reserve Board of Governors, the National Credit Union Administration, and the Comptroller of the Currency. It also oversees all matters pertaining to consumer credit including the Bureau of Consumer Financial Protection, the Consumer Credit Protection Act, and overall access to financial services. The Subcommittee is also charged with overseeing the safety and soundness of the U.S. banking system.
The jurisdiction of the Subcommittee on Domestic Monetary Policy & Technology includes economic growth and stabilization, and the structure and functioning of domestic financial institutions. The Subcommittee provides regular oversight of the Federal Reserve and its efforts to carry out its regular responsibilities including bank examinations, consumer protection, and data collection and analysis. It also has jurisdiction over U.S. coins and currency.
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